Mortgage Refinance Rates Continue Downward Trend for 30-Year Loans
In a welcome development for homeowners, the average rate for 30-year mortgage refinances has continued to decline. As of the end of July 2024, the 30-year refinance rate dropped to 7.20%, marking a decrease of six basis points from the previous day. This decline follows an eight-point drop earlier in the week, illustrating a steady…